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0 pointsmschuster914y ago0 comments

Easier to invest into something if you only have a short car drive to the company you're investing in; additionally everything cross-border involves a lot more effort with coordinating taxes.

In any case at least YC does invest into European companies [1] - the key thing is you have to get far enough to have a meaningful product that VC funds can invest in, and unlike the US we don't have a lot of billionaire former founders who go around throwing a couple thousand dollars left and right for promising ideas they hear in an elevator.

[1] https://www.ycombinator.com/library?categories=Europe

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drumhead4y ago

Are you saying they'll miss out on a multi billion dollar profit opportunity because "it's not a short drive". Many VC firms have European offices, there's Zoom or a plane flight. Cross border investment is not a new or alien thing so dealing with taxes or regulation isn't something they can't cope with. So money not being available isn't a convincing reason.

mschuster91OP4y ago

> Are you saying they'll miss out on a multi billion dollar profit opportunity because "it's not a short drive".

Not "miss out" per se, rather a "prioritize companies in close proximity". There's a reason why a lot of the former startup turned unicorns are all concentrated around the Silicon Valley.

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drumhead4y ago

mschuster91OP4y ago

> Are you saying they'll miss out on a multi billion dollar profit opportunity because "it's not a short drive".

Not "miss out" per se, rather a "prioritize companies in close proximity". There's a reason why a lot of the former startup turned unicorns are all concentrated around the Silicon Valley.

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